The European Banking Authority (EBA) has warned that the largely unharmonized regulatory regimes across Europe regarding non-bank lending may create challenges for stakeholders, including regulators, and it recommended changes that may affect lending solutions like buy now pay later (BNPL) and peer-to-peer (P2P) platforms. Get...
Four NatWest Group banks — National Westminster Bank, Royal Bank of Scotland, Ulster Bank and Coutts & Co. — were hit with fines totaling $1.9 million from the U.K. Payment Systems Regulator (PSR) for overcharging interchange fees on credit cards. Get the Full Story Complete...
The Department of Justice has reported that 37-year-old Marcos Ponce of Austin, Texas, was sentenced to five years in prison for a scheme to buy tens of thousands of compromised PayPal accounts, a press release said. Get the Full Story Complete the form to unlock...
The Consumer Finance Protection Bureau (CFPB) has finalized an enforcement action against RAM Payment and Account Management Systems, two payment processors working with debt relief, over collecting debt-relief fees from consumers and lying about the specifics. Get the Full Story Complete the form to unlock...
Nike is continuing its legal battle with StockX, a sneaker marketplace, alleging that the latter company sold fraudulent shoes, Bloomberg wrote Wednesday (May 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Coinbase reported first-quarter results on Tuesday, May 10, missing analysts’ revenue estimates and sending the shares down as much as 19% in extended trading. The results come amid a major sell-off in the crypto market, with Bitcoin dropping below $30,000 on Monday. The company’s stock...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Compliance has been a big question in the crypto industry for several years as trading firms and those using digital currencies to make and receive payments have come under increasing scrutiny as a potential channel for money laundering and sanctions busting. Get the Full Story...
The U.K.’s Payment Systems Regulator (PSR) is gaining the ability to make banks provide compensation to victims of “push payment scams,” the Financial Times reported Tuesday (May 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
